Electrovaya Q1 EPS $0.02 Beats $0.01 Estimate, Sales $15.554M Miss $15.775M Estimate

Electrovaya (NASDAQ:ELVA) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 53.85 percent. This is a 300 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $15.554 million which missed the analyst consensus estimate of $15.775 million by 1.40 percent. This is a 39.26 percent increase over sales of $11.169 million the same period last year.